Rapid Silicon: Raises $30M in Series A Funding

Rapid Silicon Raises $30M in Series A Funding

• Rapid Silicon, a San Jose, CA-based provider of AI and intelligent FPGAs based on open-source technology, raised $30M in Series A funding
• The company has closed $15M in funding from Cambium Capital and others, including all existing investors from its seed round. The second close is planned for Q1 2023
• The company intends to use the funds to further invest in its product portfolio, and launch of its premier low-end FPGA product, Gemini
• The company is a leader in AI enabled application-specific FPGAs for diverse target applications
• The company utilizes a combination of open-source software and proprietary AI technology to improve design and simplify and customer experience
• Gemini is a programmable logic device (PLD) that is power optimized for the massive sensor processing needs, tight thermal profiles, and shrinking form factors required by embedded and edge applications